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42 Portland St

Portland St, Downtown Cambridge, Cambridge, ON, N1R 4C7

7
Beds
4
Baths
$1,690,000
List Price
Details
Photos
40
Comparables
History
42 Portland St, Cambridge, ON - 1 of 3
42 Portland St, Cambridge, ON - 2 of 3
42 Portland St, Cambridge, ON - 3 of 3
New
12 days on market

Quick Summary

  • Turnkey and worry-free investment property
  • Fully leased with 4% annual rent increases
  • All new mechanical systems and appliances
  • Metal roof for long-term durability
  • Upgraded electrical and plumbing systems
  • Improved energy efficiency with new insulation
  • Quiet area location
  • Significant rental income potential

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already... Show More

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:54626)

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Property Details

Size

Sq. Ft. Not Available
11 total rooms across 1 floor
7 Beds
4 Above Grade - 3 Below Grade
4 Baths
4 Full

Parking

6 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Brick, Aluminum siding
Foundation
Poured Concrete
Builder Name
-
Stories
1
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Rooms

Bathroom

8′6″ x 4′10″

Bathroom

8′2″ x 4′9″

Bedroom

10′0″ x 9′5″

Bedroom

9′5″ x 8′8″

Bedroom

13′6″ x 9′5″

Bathroom

7′8″ x 4′10″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8442146
Last Updated
June 20, 2024
Brokerage
SHAW REALTY GROUP INC.
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Call us 800-591-0566

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